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BINHAI TEDA Logistics (08348.HK): intends to conduct share buybacks in the market.
Gelonghui, December 11 - BINHAI TEDA (08348.HK) announced that the Board of Directors will, based on market conditions, intermittently propose a share buyback with funds equivalent to a maximum of 10 million RMB in Hong Kong dollars on the open market. The company plans to use its financial resources for the proposed share buyback. The company will not carry out the proposed share buyback in a way that would cause a significant adverse impact on the company's operating capital. The Board of Directors will decide whether the shares purchased under the proposed buyback will be cancelled or held by the company as treasury shares based on market conditions at the time of the buyback and the group's capital management needs.
Express News | Tianjin Binhai Teda Logistics Group Corp Ltd - Intention to Conduct on-Market Share Repurchase
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